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    Two-Bedroom Multifamily Apartment Community Title is generated by Realmo AI

    200 Folsom ST, Poteau, OK 74953

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    For Sale
    $1,500,000

    MULTI_FAMILY - Poteau, OK

    Type:Apartment
    Property size:
    19,296 SF
    Lot size:
    1.29 Acres
    Price / SF:
    $77/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 200 Folsom ST

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    48
    Rooms
    Bedroom 39, Bedroom 16, Bedroom 13, Bedroom 4, Bedroom 14, Bedroom 8, Bedroom 32, Bedroom 17, Bedroom 3, Bedroom 28, Bedroom 40, Bedroom 48, Bedroom 35, Bedroom 5, Bedroom 25, Bedroom 21, Bedroom 15, Bedroom 34, Bedroom 22, Bedroom 27, Bedroom 19, Bedroom 23, Bedroom 26, Bedroom 20, Bedroom 47, Bedroom 38, Bedroom 9, Bedroom 33, Bedroom 10, Bedroom 46, Bedroom 31, Bedroom 36, Bedroom 41, Bedroom 6, Bedroom 29, Bedroom 42, Bedroom 7, Bedroom 1, Bedroom 12, Bedroom 18, Bedroom 37, Bedroom 11, Bedroom 44, Bedroom 24, Bedroom 2, Bedroom 30, Bedroom 45, Bedroom 43
    Standard status
    Active
    APN
    Q001-00-051-000-0-003-00
    Size
    19,296 SF
    Lot size
    1.29 Acres

    Taxes and HOA fees

    Tax Description
    POTEAU BLK 51 LOTS 2 3 4 & 5 B1526 P33 B1796 P925 B1797 P590 B1826 P89 B1864 P539 B1920 P232.
    Tax Annual Amount
    7383

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Floors in Building
    2
    Number of units
    24
    Flooring type
    Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Joshua Harmon
    Joshua Harmon

    Listing agent Joshua Harmon License #PB00080746

    Listing office Harmon Real Estate Company 911 S May Avenue, Fort Smith, OK

    Listing date Jun 3, 2026

    MLS# 1089500 Listing URL

    Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Serenity Heights: 24 uniform two‑bedroom/one‑bath units totaling 19,430 SF at 200 Folsom Street, Poteau, OK
    • New 2025 shingle roof with repairs complete
    • Currently 95.8% leased
    • Central heat and central air throughout; vinyl flooring
    • In‑place rents are supported by signed 2025–2026 leases for the property itself

    Overview

    Serenity Heights is a multifamily apartment community featuring 24 uniform two-bedroom, one-bath units. The property totals approximately 19,430 square feet and includes a newly installed 2025 roof, with repairs completed. Current occupancy is reported at 95.8% leased.

    Located at 200 Folsom Street in Poteau, Oklahoma, the asset is positioned in LeFlore County. Poteau is described as the county seat and is about 35 minutes from Fort Smith, Arkansas via US 59/271. The renter pool is noted to be supported by Eastern Oklahoma Medical Center and additional regional health facilities, along with Walmart, OK Foods, and Carl Albert State College.

    This building offers a straightforward, repeatable unit mix of two-bedroom/one-bath apartments, supported by reported lease activity extending into 2025–2026. The offering is also described as available as a standalone investment or as part of a five-property Poteau Apartments Portfolio totaling 87 units across individually deeded communities, which may appeal to buyers seeking either focused ownership or broader portfolio coverage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Serenity Heights Apartment Complex

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Poteau
    County
    Le Flore
    State
    Oklahoma
    Longitude
    -94.626112
    Latitude
    35.060051

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    FAQs

    What type of property is this?
    Apartment building - Serenity Heights offers 24 two-bedroom, one-bath units with a newly installed 2025 roof and repairs completed.
    Where is this apartment building located?
    The property is located at 200 Folsom ST Poteau, OK.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Serenity Heights: 24 uniform two‑bedroom/one‑bath units totaling 19,430 SF at 200 Folsom Street, Poteau, OK; New 2025 shingle roof with repairs complete; Currently 95.8% leased
    (479) 719-0344
    We can help!
    Listing Contact
    Joshua Harmon
    Joshua Harmon
    Real Estate License ID: PB00080746
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    200 Folsom ST, Poteau, OK 74953
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